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Media Report
March 08 , 2018
  • The Wall Street Journal reports: "President Donald Trump tweeted Wednesday that Washington had asked Beijing for a plan to cut the U.S. trade deficit with China by $1 billion—less than 0.3% of the countries' annual trade gap or around one day's worth of the trade imbalance. He was off by $99 billion. According to people familiar with the matter, Trump administration officials requested a $100 billion reduction in the U.S.-China trade deficit when meeting with President Xi Jinping's top economic deputy last week. According to the people, Liu He, the main architect of China's economic policy, said in his Washington meetings that narrowing the vast bilateral trade deficit was in China's interest as China seeks to shift away from an export-led growth model. It is unclear how feasible the deficit-reduction goal is for Beijing and what kind of plan it could offer."
  • The New York Times reports: "In the lofty chambers of the Great Hall of the People, delegate after delegate to China's legislative body brushed aside questions this week about the constitutional change on the table that could extend Xi Jinping's presidency. "I think people are overinterpreting this issue," Yao Jinbo, the chief executive of 58.com, a Craigslist-like consumer site, said on the opening day of the National People's Congress... Not everyone agrees. For all the orchestration of public support for the proposed changes, dissenting voices continue to surface... They suggest the stirrings of internal discontent — if not yet outright opposition that could build over time."
  • Reuters reports: "U.S. Secretary of State Rex Tillerson said on Thursday that African countries should be careful not to forfeit their sovereignty when they accept loans from China, the continent's biggest trading partner. Tillerson is using his first diplomatic trip to the continent to bolster security alliances on a continent increasingly turning to Beijing for aid and trade. "He may also seek to smooth relations after U.S. President Trump reportedly dismissed some African nations as "shithole countries" in January. Trump later denied making the comment."
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